Banks increasingly align investment strategies with sustainability
Frankfurter Allgemeine Zeitung
The European Commission estimates the necessary investment needed to achieve its target of reducing the EU鈥檚 greenhouse gas emissions by 40 percent by 2030 at 180 billion euros per year, writes Markus Fr眉hauf in Frankfurter Allgemeine Zeitung. Brussels therefore sees a need to make sustainable financing more attractive to banks, insurers, and asset managers. Some German banks are aligning their activities with the EU鈥檚 goals, writes Fr眉hauf. Paderborn-based Bank for Church and Caritas is guided by environmental and social criteria and good corporate governance in asset management, according to portfolio manager Bernhard Matthes. 鈥淣inety-nine percent of our investments are sustainable,鈥� says Matthes.
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